Tudor Pickering cut shares of Spectra Energy Corp. (NYSE:SE) from an
accumulate rating to a hold rating in a research report sent to
investors on Wednesday morning, TheFlyOnTheWall.com reports. The
firm currently has $32.00 price target on the stock, down from their
previous price target of $42.00.

Several other analysts have also recently commented on the stock.
Analysts at Jefferies Group lowered their price target on shares of
Spectra Energy Corp. from $39.00 to $37.00 and set a hold rating on
the stock in a research note on Friday, January 9th. Analysts at
Zacks reiterated a neutral rating and set a $40.00 price target on
shares of Spectra Energy Corp. in a research note on Tuesday,
November 18th. Finally, analysts at Bank of America downgraded
shares of Spectra Energy Corp. from a buy rating to a neutral rating
in a research note on Monday, November 3rd. Eight investment
analysts have rated the stock with a hold rating and two have given
a buy rating to the stock. Spectra Energy Corp. presently has a
consensus rating of Hold and an average target price of $40.11.

In the United States, climate change action is evolving at state,
regional and federal levels. The Supreme Court decision in
Massachusetts v. EPA in 2007 established that GHGs were pollutants
subject to regulation under the Clean Air Act. Pursuant to federal
regulations, we are currently subject to an obligation to report our
GHG emissions at our largest emitting facilities, but are not
generally subject to limits on emissions of GHGs, (except to the
extent that some GHGs consist of volatile organic compounds and
nitrous oxides that are subject to emission limits). In addition, a
number of Canadian provinces and U.S. states have joined regional
greenhouse gas initiatives, and a number are developing their own
programs that would mandate reductions in GHG emissions.
Public
interest groups are increasingly focusing on the emission of methane
associated with natural gas development and transmission as a source
of GHG emissions. However, as the key details of future GHG
restrictions and compliance mechanisms remain undefined, the likely
future effects on our business are highly uncertain.

Maybe we’re seeing some of those effects already.

Break out the popcorn!
The comment deadline for the EPA proposed methane rule is
Monday 9 February 2015,
and the preceding Thursday Spectra CEO Greg Ebel will explain it all!

The presentation is scheduled to begin at 8:30 a.m. ET and will be
webcast via the Investors Sections of
www.spectraenergy.com and
www.spectraenergypartners.com. Interested parties can also call into
the discussion by dialing 888-252-3715 in the U.S. or 706-634-8942
internationally. The conference ID is 47700640 or “Spectra Energy
2015 Plan.” An audio replay will be available until 5 p.m. ET, May
5, 2015, by dialing 800-585-8367 in the U.S. with the above
conference ID. The international replay number is 404-537-3406.

Already back in March 2014, Greg Ebel was
struggling to explain
why his company didn’t have more pipelines deployed,
even though some of the news media redacted the part about
the export market being the real customer.
Maybe he’d like to explain about those
three already-permitted
LNG export operations right where the Sabal Trail pipeline leads in Florida?

Maybe he’d like to explain how not only is Spectra building a pipeline
to an LNG export terminal in British Columbia, but
in its Canadian environmental assessment it said it
might put two pipelines on the same right of way?
What would stop Spectra from doing the same thing on the Sabal Trail right of way?

Maybe Spectra’s CEO would like to explain how
it can claim to be a sustainable company
when it fracks watersheds for a greenhouse gas 20 times worse than carbon
dioxide and then gouges huge rights of way under rivers and through
forests and fields, taking people’s lands for Spectra’s leaky pipelines?